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Latest news on economy impacting shipping and logistics
Economy
BOC to impose safeguard measure on cement imports
The Bureau of Customs is imposing provisional safeguard measure on imports of cement after initial investigation found increased imports caused substantial injury to...
NAIA, Cebu airport see double-digit hikes in 2024 cargo volume
Ninoy Aquino International Airport and Mactan-Cebu International Airport both recorded double-digit increases in cargoes handled in 2024
NAIA processed 31.2% more cargoes at...
Asia Pacific airlines lift 2.8% more cargo in Feb
Asia Pacific airlines lifted 2.8% more cargo in February year-on-year, according to the Association of Asia Pacific Airlines
Offered freight capacity rose by...
Top PH international ports handle 5.4% more containers in 2024
Top Philippine international ports handled 5.4% more containers in 2024 year-on-year boosted by higher imports
Eleven ports recorded 3.833 million twenty-foot equivalent units...
PH trade deficit grew 3.3% in 2024
The Philippines' trade deficit grew 3.3% in 2024
Total external trade in goods saw a slight 0.5% improvement to $200.87 billion in 2024...
BOC implements higher excise tax hike on alcohol, tobacco
The Bureau of Customs has implemented the annual increase in excise tax rates on alcohol and tobacco products
The updated rates have been...
DTI Region 7 to convene group to assist Central Visayas logistics players
The Department of Trade and Industry-Region 7 plans to convene a group that will help address issues faced by logistics stakeholders in Central Visayas
The...
AyalaLand Logistics acquires 2 logistics parks
AyalaLand Logistics Holdings Corp. subsidiaries acquired two logistics parks in Pangasinan and Iloilo, increasing the group's dry and cold storage capacities and presence...
PH, UK to pursue closer cooperation, increased trade
The Philippines and the United Kingdom agreed to pursue closer cooperation and increase trade across sectors including infrastructure, renewable energy, agriculture and technology...
DA opens P43M cold storage facility for onions in Nueva Vizcaya
The Department of Agriculture inaugurated a P43-million onion cold storage facility in Santa Maria, Dupax Del Sur, Nueva Vizcaya, the third in Cagayan...